JPMorgan thinks bitcoin is below its ‘fair price’ and now features among the bank’s preferred alternative investments. Banking giant JPMorgan said in a note Wednesday that bitcoin and…
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JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
JPMorgan, one of the largest US banks, predicts that Bitcoin could rise to as much as $170,000 in the next six to 12 months despite the current bear market. The bank’s strategists based this estimate on a volatility-adjusted valuation model that compares the cryptocurrency to gold. “Our volatility-adjusted Bitcoin-gold comparison…